322 5th Avenue E, Alexandria, MN 56308
Local realty services provided by:CENTURY 21 Brainerd Realty, Inc.
322 5th Avenue E,Alexandria, MN 56308
$219,900
- 7 Beds
- 3 Baths
- 2,880 sq. ft.
- Multi-family
- Pending
Listed by: kristine telkamp, bridget telkamp
Office: counselor realty inc of alex
MLS#:7060763
Source:NSMLS
Price summary
- Price:$219,900
- Price per sq. ft.:$50.9
About this home
Duplex investment opportunity in the heart of Alexandria! Situated on a large corner lot, this property includes a 3-car garage and solid income potential. Both units are fully leased, generating immediate cash flow—upper unit rents for $1,200/month and the main floor unit for $1,250/month, totaling $29,400 annually.
Each unit offers approximately 1,440 sq. ft. of living space with functional layouts that appeal to long-term tenants. The property features vinyl siding, new roof in 2024, newer windows, and updated furnaces, along with shared laundry in the rear entry.
While the property could benefit from some cosmetic updates, it presents a great opportunity for investors to build equity and increase rental income over time. Owner currently pays utilities.
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Home facts
- Year built:1900
- Listing ID #:7060763
- Added:94 day(s) ago
- Updated:July 28, 2026 at 08:26 AM
Rooms and interior
- Bedrooms:7
- Total bathrooms:3
- Basement:Yes
- Basement Description:Partial, Unfinished
- Living area:2,880 sq. ft.
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Year built:1900
- Building area:2,880 sq. ft.
- Lot area:0.23 Acres
- Levels:2 Story
Utilities
- Water:City Water - Connected
- Sewer:City Sewer - Connected
Finances and disclosures
- Price:$219,900
- Price per sq. ft.:$50.9
- Tax amount:$2,849 (2026)
Parking
- Parking description:Detached Garage
- Garage:Yes
- Garage spaces:3
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